Climate Change Taxonomy Released
The Carbon Disclosure Project has announced a public consultation period for its new 2014 Climate Change Taxonomy. The purpose of this taxonomy is to improve data quality and accessibility, align environmental reporting models with those used for financial reporting and make data consistent with other sustainability frameworks using XBRL such as the Global Reporting Initiative and the Dow Jones Sustainability Index. All while making climate change data more relevant to business and investor decision making. Not familiar with the CDP? They collect a range of information about the environmental impact of thousands of companies on behalf of more than 750 large institutional investors that manage trillions of dollars in funds.